Intellectus Partners LLC Sells 11,074 Shares of Lincoln National Co. (NYSE:LNC)

Intellectus Partners LLC lowered its stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 42.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,980 shares of the financial services provider's stock after selling 11,074 shares during the period. Intellectus Partners LLC's holdings in Lincoln National were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LNC. State Street Corp increased its position in shares of Lincoln National by 1.3% during the third quarter. State Street Corp now owns 6,227,993 shares of the financial services provider's stock worth $196,244,000 after acquiring an additional 79,955 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Lincoln National by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider's stock worth $150,104,000 after purchasing an additional 193,025 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Lincoln National by 4.7% in the third quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider's stock worth $106,322,000 after purchasing an additional 152,622 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Lincoln National by 7.2% in the third quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider's stock valued at $104,281,000 after purchasing an additional 223,129 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Lincoln National by 9.7% during the third quarter. Two Sigma Advisers LP now owns 2,355,000 shares of the financial services provider's stock valued at $74,206,000 after buying an additional 207,800 shares during the last quarter. Institutional investors own 72.81% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LNC shares. Keefe, Bruyette & Woods boosted their target price on Lincoln National from $37.00 to $40.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. TD Cowen increased their price target on Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. Wells Fargo & Company lifted their price objective on shares of Lincoln National from $28.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Morgan Stanley increased their price target on shares of Lincoln National from $39.00 to $42.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Finally, Barclays lifted their price objective on Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $37.40.

Lincoln National Trading Down 0.6 %

Shares of LNC stock traded down $0.21 on Friday, hitting $35.60. 1,645,417 shares of the company's stock traded hands, compared to its average volume of 1,629,441. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 1.94, a P/E/G ratio of 0.30 and a beta of 1.76. The company's fifty day simple moving average is $34.97 and its 200 day simple moving average is $33.47. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Co. has a one year low of $25.80 and a one year high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. Equities analysts forecast that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Thursday, April 10th. Lincoln National's dividend payout ratio is currently 9.79%.

Lincoln National Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.